In the volatile world of cryptocurrency, short-term trading has become the main battlefield for many retail investors, but the difference between experts and novices often comes down to these few points👇
1️⃣ Fluctuation is not simple
Repeated fluctuations at high positions often hide breakout signals; a prolonged consolidation at low levels can signal a new low approaching! Don’t rush in blindly; patiently wait for the trend to clarify before taking action.
2️⃣ Consolidation tests mindset
The consolidation period is the greatest test! Impatience can lead to being trapped, while calmly waiting for a breakout is key. Maintaining a stable mindset is essential for success.
3️⃣ Understand the candlestick code
A shrinking bearish candle presents a buying opportunity, while a growing bullish candle requires risk assessment. Combining volume and patterns helps identify the best entry and exit points.
4️⃣ Downward rhythm sets the rebound
A slow decline results in a weak rebound, while a sharp decline leads to a strong rebound. Grasp the rhythm and adjust flexibly to capitalize on price differences.
Finally, remember three points:
✋ Avoid impatience, don’t gamble on luck
💰 Don’t be greedy, lock in profits
🧠 Keep learning, build your own trading system
The cryptocurrency world is not easy, and short-term trading requires steady and solid steps!